WSJ Launching Monthly Magazine

Sweet, sweet ad money. That’s what Rupert Murdoch wants for the Wall Street Journal—and it’s why the WSJ is launching a glossy monthly magazine next year.

Pursuits is scheduled for a September 2008 debut as an insert in the Saturday WSJ; Robert Frank (Richistan) was leaked to the TimesRichard Perez-Pena as the likely editor.

In other WSJ related news: Dow Jones and the WSJ union have finally reached a tentative deal.